Whirlpool Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Whirlpool Corp (NYSE:WHR) will unveil its latest earnings on Friday, October 28, 2011. Whirlpool manufactures and markets appliances and products for home use. It makes washers, dryers, refrigerators, air conditioners, dishwashers, freezers, microwave ovens, ranges, trash compactors and air purifiers.

Whirlpool Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $2.68 per share, a rise of 20.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $3.13. Between one and three months ago, the average estimate moved down. It also has dropped from $2.79 during the last month. Analysts are projecting profit to rise by 11% versus last year to $10.71.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 49 cents in the first quarter, the company fell in line with expecations by reporting net income of $2.76 per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $4.76 billion in revenue this quarter, a rise of 5.3% from the year ago quarter. Analysts are forecasting total revenue of $19.12 billion for the year, a rise of 4.1% from last year’s revenue of $18.37 billion.

Analyst Ratings: Analysts are bullish on Whirlpool as three analysts rate it as a buy, none rate it as a sell and three rate it as a hold.

A Look Back: In the second quarter, the company swung to a loss of $161 million ($2.10 a share) from a profit of $205 million ($2.64) a year earlier, meeting analyst expectations. Revenue rose 4.3% to $4.73 billion from $4.53 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 3% in the first quarter from the year earlier, climbed 3.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 0.5% in the third quarter of the last fiscal year.

Whirlpool’s loss in the latest quarter followed profits in the previous three quarters. The company reported a profit of $169 million in the first quarter, a profit of $171 million in the fourth of the last fiscal year and a profit of $79 million in the third quarter of the last fiscal year.

Competitors to Watch: General Electric (NYSE:GE), Siemens (NYSE:SI), Indesit Company SpA (NYSE:IND).

Stock Price Performance: During July 29, 2011 to October 24, 2011, the stock price had fallen $9.50 (-13.8%) from $68.62 to $59.12. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 7.8% (+$5.97) over that span. It saw one of its worst periods between July 20, 2011 and August 2, 2011 when shares fell for 10-straight days, falling 13.9% (-$10.42) over that span. Shares are down $27.95 (-32.1%) year to date.

(Source: Xignite Financials)

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